Pennfield Schools Board of Education Resolution March 2026
Argent Trust Named Escrow and Paying Agent for School Bonds
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Description
Board of Education approved Argent Institutional Trust Company as Escrow Agent and Paying Agent-Bond Registrar to manage escrow for refunded bonds and serve as bond registrar for new issue.
Contract Details
Vendor
ARGENT INSTITUTIONAL TRUST COMPANY
Agency
Pennfield School District, MI
Contract Type
FINANCIAL_SERVICES
Document Date
March 17, 2026
Contract Term
Term of escrow for 2016 Refunding Bonds (to 2034 or upon discharge of escrow obligations)
Renewal Date
2034-05-01
Renewal Info
Appointment covers the escrow period for the refunded bonds and registration services for the new bond issue. Term aligned with bond maturity/discharge.
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